{"id":87323,"date":"2023-11-21T16:02:00","date_gmt":"2023-11-21T14:02:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87323"},"modified":"2025-09-13T11:05:04","modified_gmt":"2025-09-13T08:05:04","slug":"bittrex-global-crypto-exchange-to-wind-down-operations","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bittrex-global-crypto-exchange-to-wind-down-operations\/","title":{"rendered":"Bittrex Global crypto exchange to wind down operations"},"content":{"rendered":"<p>On 4 December, the Liechtenstein-based company Bittrex Global will wind down all operations and halt trading on the cryptocurrency exchange.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">It is with great regret that we inform you that Bittrex Global has decided to wind down its operations. <\/p>\n<p>Effective Monday 4 December 2023, all trading activity on Bittrex Global will be disabled. After that date, customers will only be able to withdraw assets as part of the\u2026<\/p>\n<p>\u2014 Bittrex Global (@BittrexGlobal) <a href=\\\"https:\/\/twitter.com\/BittrexGlobal\/status\/1726652430673121310?ref_src=twsrc%5Etfw\\\">November 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cAll of our clients are strongly advised to log in to their accounts and withdraw assets as soon as possible. All funds and tokens remain secure,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>After that date, users will be able to withdraw cryptocurrency only as part of the wind-down process.<\/p>\n<p>Bittrex Global has already frozen its referral program and halted advertising campaigns. Company representatives promised to provide customer support by assembling a dedicated technical-support team.<\/p>\n<p>The exchange, founded in 2014, lists 476 cryptocurrencies and 707 trading pairs. According to <a href=\\\"https:\/\/www.coingecko.com\/en\/exchanges\/bittrex\\\">CoinGecko<\/a>, the platform&#8217;s 24-hour trading volume was about $26.3 million.<\/p>\n<p>The decision followed <a href=\"https:\/\/forklog.com\/en\/news\/bittrex-to-wind-down-u-s-operations\">the closure of Bittrex&#8217;s U.S. unit in April<\/a>, caused by regulatory uncertainty. Subsequently, <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/sec-sues-bittrex-and-bittrex-global\">filed a lawsuit against the company<\/a> over securities-law violations.<\/p>\n<p>On May 8, the exchange <a href=\"https:\/\/forklog.com\/en\/news\/bittrex-files-for-bankruptcy-protection\">filed for insolvency in the United States<\/a>. Bittrex said its assets and liabilities amount to between $500 million and $1 billion. The number of creditors exceeds 100,000.<\/p>\n<p>Probably as a result of the proceedings, U.S. customers are currently unable to withdraw funds in U.S. dollars.<\/p>\n<p>In April, Bittrex and its former CEO William Shihara reached an agreement with the SEC. As part of the settlement, the defendants <a href=\"https:\/\/forklog.com\/en\/news\/bittrex-to-pay-24-million-to-settle-sec-claims\">agreed to pay $24 million<\/a> in ill-gotten gains, interest and civil penalties.<\/p>\n<p>In October, a court approved the liquidation of the company&#8217;s U.S. subsidiary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 4 December, the Liechtenstein-based Bittrex Global will wind down all operations and halt trading on the cryptocurrency exchange.<\/p>\n","protected":false},"author":1,"featured_media":87324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[720,1166],"class_list":["post-87323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bittrex","tag-centralized-exchanges-cex"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87323"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87323\/revisions"}],"predecessor-version":[{"id":87325,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87323\/revisions\/87325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87324"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}